WATERFRONT Enterprise Board chairman Gerald Voisin is also the non-executive chairman of a subsidiary of the bank behind developers Harcourt, it has emerged.
But the former States Member denies there is any conflict of interest by his positions on both WEB and on the board at Allied Irish Bank CI Ltd.
After being approached by the JEP yesterday concerning his potential conflict, Mr Voisin released a statement to the directors of WEB explaining his position.
But the news of his involvement in both organisations was enough to make Senator Jim Perchard resign from his post as a WEB director.
Mr Voisin has said he has never had any involvement whatsoever with any transactions between Harcourt Developments Ltd and AIB plc or any of its branches or subsidiaries.
‘There is no conflict of interest mainly because the arrangements and relationship with Harcourt are with the Dublin head office and is not with the Jersey office. None of Harcourt’s business is transacted through the Jersey office,’ he said.